Hillary's more of the same economic plan a bust already
The new GDP numbers are terrible. No wonder Hillary won’t talk about the economyRather than focus on real issues like this Trump is busy "counterpunching against nonsense and Hillary Clinton is doing her best to act like "all is well." Neither of these candidates is really talking about real issues.
The consumer is keeping the economy out of negative territory, but that's only because we are spending more than we are earning.
How long can that go on? About as long as the housing bubble could inflate without bursting.
For years the polls have shown that Americans are hyper-concerned about the economy and job security. That was when the economy was growing at a meek 2 percent. Now at 1 percent, we aren't just treading water, more families are being plunged underwater.
This is some recovery. Under Reagan we had growth rates quarterly of 5, 6 and even 7 percent. Economists in the '80s worried about overheating. Too much growth. Now growth is nowhere to be seen - except for those at the very top of the income ladder.